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We know that in Blank’s article, there are various ways in which welfare will alter the actions taken by individuals. Consider the following welfare proposals, and how the actions taken by individuals would change.
(a) Family caps; each additional child, above some maximum number, provides no more in welfare benefits.
(b) In-kind benefits for workfare (welfare where benefits are tied to you having a job), such as free (or reduced price) childcare.
(c) Mandated weekly job fairs for individuals on welfare in the state capital.
Suppose the government is imposing a debt-financed tax cut. Based on the traditional view, what will happen to: Based on the view of Ricardian equivalence, what will happen to:
Paper currency is the most easily recognized form of money. How well does paper currency serve the functions of money if we have an inflation rate of 50-percent per year?
The reserve requirement, open market operations, and the money supply. Which of the following statements help to explain why, in the real world, the Fed cannot precisely control the money supply? Check all that apply. The Fed cannot prevent banks fro..
It has been said that if government wishes to tax certain goods, it should tax goods that have inelastic rather than elastic demand. What is the rationale for this?
Suppose, ceteris paribus, that the Environmental Protection Agency requires that agricultural run-off water must be stored and cleaned prior to release in Florida and simultaneously, due to favorable growing conditions, there is a bumper crop of Cali..
What are the macro- and microeconomic indicators affecting the demand and supply forces in the development of a new office building in a suburban office location.
If the initial investment in a project will cost $50,000 with expected benefits of $15,000 a year for 8 years, using 15% MARR per year. The net present worth for the project will be?
You are a health economics consultant for a major political campaign. Your client notes recent research that individuals in worse health tend to live further from health facilities. Therefore, building more health facilities in rural areas should imp..
The factors that cause shifts in supply and the importance of demand are examined. What is the law of supply, and what are the factors that cause shifts in supply? What is the law of demand and why is it important? Why does an increase in the price o..
Suppose that an increase in crime (O) also results in a per unit amount of social damage equal to d(d>0).
Identify four different types of Regional Trade Agreements (RTAs). 2. Examine the European Union (EU) and its current state. Discuss how the EU is related to RTAs. 3. Discuss the benefits and negative aspects of using a common currency.
A facility for a production plant can be purchased for 155,000 with a down payment of 25,000.
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